Markets Daily: CoinDesk Markets Week in Review

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 April 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert. To get the show every day, follow the podcast here. The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Alexandra Weck, Head of Strategic Partnerships at Amina Bank. For more on CoinDesk Indices, visit: coindeskmarkets.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Happy Friday, everyone. This is Markets Daily from CoinDesk. I'm your host, Jen Sanassi, and on today's
0:11.2	show, we're passing it over to Coin Desk Indices for some weekly market insights.
0:19.8	Wondercraft AI voice here to give you three crypto markets takeaways from this week.
0:24.1	And stick around. We'll have additional analysis from Alexander Weck, head of strategic partnerships at Amina Bank.
0:29.4	First, Tracy Stevens, senior index manager at CoinDesk Indices, provides markets highlights for the weekending April 12th with data from April 9th.
0:38.2	NIR, which entered the CoinDesk 20 during last week's reconstitution, advanced 10% over the past
0:44.1	week. Ethereum Classic also posted a significant gain of 9.8%.
0:49.9	Aptos underperformed as the Layer 1 smart contract platform plunged 15% over the seven-day period.
0:57.0	Among sectors in the CoinDesk Market Index, Defi underperformed as the largest asset in the sector by market cap, Uniswap.
1:04.0	Udiped 5.3%.
1:07.0	For our analysis section this week, Alexander Weck writes, The CoinDest 20 Index represents a powerful index with regards to not only watch out for latest movements in Bitcoin,
1:19.6	but also latest movements like Near, which entered the CoinDesk 20 during last week's reconstitution,
1:27.2	advanced 10% over the past week.
1:31.1	Ethereum Classic also posted a significant gain up 9.8%.
1:39.1	Approaching the halving date, which is expected 20th April, where the historical data is limited,
1:46.5	previous Bitcoin halving events have seen impressive performance. On average, Bitcoin's price
1:53.5	from January to December has surged by approximately 200% during these halving periods. The spotlight intensifies not just on Bitcoin,
2:05.2	but also on the broader altcoin market. We are here to delve into how index investment stands
2:12.7	as a beacon for navigating these pivotal moments in the cryptocurrency world, especially for
2:19.9	altcoins. Historically, having events have catalyzed volatility across the crypto market,
2:28.1	not solely impacting Bitcoin, but sending waves through the altcoin sector as well.
2:34.1	This anticipated volatility underscores the necessity for strategic investment approaches,
	...

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